Raymond James Financial Services Advisors Inc. trimmed its stake in Sol-Gel Technologies Ltd. (NASDAQ:SLGL – Free Report) by 21.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,102 shares of the company’s stock after selling 12,010 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.19% of Sol-Gel Technologies worth $48,000 at the end of the most recent quarter.
Separately, Yelin Lapidot Holdings Management Ltd. purchased a new position in Sol-Gel Technologies in the 3rd quarter worth about $374,000. 26.18% of the stock is currently owned by institutional investors and hedge funds.
Sol-Gel Technologies Trading Up 3.3 %
NASDAQ SLGL opened at $0.89 on Friday. Sol-Gel Technologies Ltd. has a 1 year low of $0.79 and a 1 year high of $4.05. The company has a market cap of $24.78 million, a PE ratio of -0.88 and a beta of 1.33. The stock’s 50-day moving average price is $1.01 and its two-hundred day moving average price is $1.19.
Sol-Gel Technologies Company Profile
Sol-Gel Technologies Ltd., together with its subsidiary Sol-Gel Technologies Inc, develops topical dermatological drugs for patients with severe skin conditions in Israel. The company offers Twyneo, a once-daily, non-antibiotic topical cream for the treatment of acne vulgaris; and Epsolay, a once-daily topical cream for the treatment of papulopustular (subtype II) rosacea.
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